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    Renovated Industrial/Flex Building Title is generated by Realmo AI

    168-198 CALLE MONTERREY, San Juan 00920

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    New
    For Sale
    $2,600,000

    Industrial - SAN JUAN, PR

    Type:Industrial
    Property size:
    14,000 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $185/SF
    Added:
    Jun 2, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 8 at 12:06 am

    Property Features for 168-198 CALLE MONTERREY

    General Information

    Property type
    Commercial Sale
    Property subtype
    Industrial
    Zoning
    I-2
    Standard status
    Active
    APN
    062-045-003-06-001
    Size
    14,000 SF
    Lot size
    0.19 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1985
    Flooring type
    Carpet
    Building materials
    Concrete
    Architectural style
    Other

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    Listing Contact
    Fernando Rodriguez

    Listing agent Fernando Rodriguez License #19191

    Listing office KELLER WILLIAMS GRAND HOMES 612 Aldebaran St., San Juan

    Listing date Jun 2, 2026

    MLS# PR9121938 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two‑story industrial/flex building built in 1985 with 14,000 SF total area
    • Ground floor includes 7,000 SF warehouse with 20–25 ft clear height and roll‑up door forklift access
    • Warehouse features polished epoxy concrete floors and high‑bay LED lighting
    • Second floor offers 7,000 SF office/operational build‑out, including 60 Cat 6 ethernet data drops for voice and data
    • Executive live/work suite includes 3 bedrooms, 1 bathroom, and a remodeled kitchen with living and dining areas
    • Professionally installed IT and security infrastructure included; delivered vacant at closing

    Overview

    A fully renovated, two-story industrial/flex building comprising approximately 7,000 SF of ground-floor warehouse space and approximately 7,000 SF of second-floor office/operational build-out. The warehouse includes 20–25 ft clear height, polished epoxy concrete floors, a roll-up door with forklift access, and high-bay LED lighting. The property also features an automatic sliding glass storefront entry. Second-floor improvements include a drop ceiling with recessed LED panel lighting, multiple private offices with carpeted finish, and a live/work executive suite with three bedrooms, one bathroom, and a remodeled kitchen with living and dining areas.

    The building is located at 168-198 Calle Monterrey in San Juan, within the metropolitan industrial corridor described in the offering. The property sits on an approximately 0.19-acre lot and is zoned I-2. Following a comprehensive 2024 renovation, it is delivered vacant at closing, with professionally installed IT and security infrastructure included in the sale.

    For tenants or owner-users seeking a combined warehouse and office or operational setup, this configuration supports flexible day-to-day use. The office build-out is call center ready with 60 Cat 6 Ethernet data drops for voice and data, and there is a secondary 9U network cabinet with dedicated data drops. With forklift-accessible warehousing and integrated technology features, the space is positioned for immediate operational use without requiring renovation work after close.

    Local Financial Insights For Mixed Use

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $336.0k $24.00
    − Vacancy −$16.1k −$1.15
    EGI $319.9k $22.85
    − OpEx −$120.0k −$8.57
    NOI $199.9k $14.28
    14,000 SF · lease $24.00/SF/yr · vacancy 4.80% · expense 37.50%

    Alternative Uses

    Best Use
    Mixed Use
    $2.86M
    $2.50M – $3.33M (±1% cap)
    NOI $199,920 @ 7.0% cap · market cap 7.69%
    Second Best
    Office B
    $2.77M
    $2.42M – $3.23M (±1% cap)
    NOI $193,599 @ 7.0% cap · market cap 7.45%
    Theoretical Best
    Specialty Retail
    $3.43M
    $3.00M – $4.00M (±1% cap)
    NOI $239,904 @ 7.0% cap · market cap 9.23%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    San Juan
    County
    San Juan
    State
    Longitude
    -66.0987134
    Latitude
    18.4219736

    FAQs

    What type of property is this?
    Flex space - Two-story, turnkey industrial/flex facility with warehouse clear height and office build-out, delivered vacant and ready for occupancy.
    Where is this flex space located?
    The property is located at 168-198 CALLE MONTERREY San Juan.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: Two‑story industrial/flex building built in 1985 with 14,000 SF total area; Ground floor includes 7,000 SF warehouse with 20–25 ft clear height and roll‑up door forklift access; Warehouse features polished epoxy concrete floors and high‑bay LED lighting
    More about this property
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